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When consumers are lured into debt with offers to buy that shirt in four easy payments, that’s financialization at work. When you can’t keep track of all the subscription services needed to follow your favorite N.B.A. team, that’s financialization, too. When you’re no longer allowed to record your own child’s hockey game because an investment group bought the rink, that’s financialization.
~ Oren Cass via The New York Times

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Today, we tend to think of economic and racial egalitarianism as closely yoked causes. One hundred years ago, this was far from the case. In the late 19th and early 20th centuries, many of those Americans most skeptical of corporate power were also the most hostile to racial equality, while those Americans who most adamantly rejected economic reform hoped to mobilize racial minorities as allies.
~ David Frum via The Atlantic

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Via Don’t Trust the Rankings That Put China’s Universities on Top published by The New York Times on February 11, 2026

The gap between the rankings and reality can be explained by Goodhart’s law, which says that when a measure becomes a target, it ceases to be a good measure. It’s like trying to cure a fever by icing the thermometer: You’ve cooled the instrument, but the patient is still burning up.
~ Ariel Procaccia

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